BME Electrical (NI) Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—8

1. General Information

BME Electrical (NI) Limited is a private company, limited by shares, incorporated in Northern Ireland, registered number NI615107 . The registered office is 35 Loughmagarry Road, Ballymena, BT43 6TW.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Going Concern Disclosure

The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.

2.3. Turnover

Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

2.4. Intangible Fixed Assets and Amortisation - Goodwill

Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to the profit and loss account over its estimated economic life of 10 years.

2.5. Tangible Fixed Assets and Depreciation

Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Leasehold	5% straight line
Plant & Machinery	20% straight line
Motor Vehicles	15% reducing balance
Fixtures & Fittings	20% straight line

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BME Electrical (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

2.6. Leasing and Hire Purchase Contracts

Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.

Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.

2.7. Stocks and Work in Progress

Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.

2.8. Taxation

Income tax expense represents the sum of the tax currently payable and deferred tax.

The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.

Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.

2.9. Pensions

The company operates a defined pension contribution scheme. Contributions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme.

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BME Electrical (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

3. Average Number of Employees

Average number of employees, including directors, during the year was: 13 (2025: 9)

4. Intangible Assets

	Goodwill
	£
Cost
As at 1 April 2025	50,000

As at 31 March 2026	50,000

Amortisation
As at 1 April 2025	50,000

As at 31 March 2026	50,000

Net Book Value
As at 31 March 2026	-

As at 1 April 2025	-

5. Tangible Assets

	Land & Property
	Leasehold	Plant & Machinery	Motor Vehicles	Fixtures & Fittings	Total
	£	£	£	£	£
Cost
As at 1 April 2025	-	126,741	192,325	17,841	336,907
Additions	192,302	7,936	38,900	39,709	278,847
Disposals	-	(23,694 )	(86,930 )	(6,943 )	(117,567 )

As at 31 March 2026	192,302	110,983	144,295	50,607	498,187

Depreciation
As at 1 April 2025	-	105,198	113,915	11,731	230,844
Provided during the period	9,615	12,496	12,917	10,121	45,149
Disposals	-	(23,342 )	(55,730 )	(6,301 )	(85,373 )

As at 31 March 2026	9,615	94,352	71,102	15,551	190,620

Net Book Value
As at 31 March 2026	182,687	16,631	73,193	35,056	307,567

As at 1 April 2025	-	21,543	78,410	6,110	106,063

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BME Electrical (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

6. Stocks

	2026	2025
	£	£
Stock	40,000	37,840
Work in progress	152,719	40,520

	192,719	78,360

7. Debtors

	2026	2025
	£	£
Due within one year
Trade debtors	512,445	574,329
Other debtors	78,691	172,302

	591,136	746,631

8. Creditors: Amounts Falling Due Within One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	7,500	7,500
Trade creditors	447,887	685,971
Bank loans and overdrafts	7,796	13,377
Other creditors	206,130	204,043
Taxation and social security	96,841	104,911

	766,154	1,015,802

9. Creditors: Amounts Falling Due After More Than One Year

	2026	2025
	£	£
Net obligations under finance lease and hire purchase contracts	12,321	18,750
Bank loans	-	3,939

	12,321	22,689

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BME Electrical (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

10. Obligations Under Finance Leases and Hire Purchase

	2026	2025
	£	£
The future minimum finance lease payments are as follows:
Not later than one year	7,500	7,500
Later than one year and not later than five years	12,321	18,750

	19,821	26,250

	19,821	26,250

11. Deferred Taxation

The provision for deferred tax is made up as follows:

	2026	2025
	£	£
Other timing differences	54,482	26,138

12. Share Capital

	2026	2025
Allotted, called up and fully paid	£	£
100 Ordinary Shares of £ 1.00 each	100	100

13. Related Party Transactions

BME Enclosures (NI) Limited

Loans with related parties - entities with joint control or significant interest

The company has entered into a loan with BME Enclosures (NI) Ltd. The amount owed by the related party at the year end was £78,000 (2025: £78,000).

Directors

Leases

The company utilises a premises owned by the directors. A rent charge of £15,000 (2025: £15,000) was charged by the directors and no amounts were outstanding at the year end.

Directors

Directors Remuneration

The directors remuneration for the year included salaries of £18,200 (2025: £15,810) and pension contributions of £43 (2025: £107).

BME Enclosures (NI) Limited

Transactions with related parties - entities with joint control or significant interest

BME Electrical (NI) Ltd entered into transactions with BME Enclosures (NI) Ltd during the year. Total purchases from BME Enclosures (NI) Ltd amounted to £136,313 (2025: £111,131) and total sales to BME Enclosures (NI) Ltd amounted to £12,902 (2025: £0). All transactions were carried out at arm's length. The balance owed from the related party at the year end amounted to £12,002. The balance owed to the related party at the prior year end amounted to £76,634.

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BME Electrical (NI) Limited

Notes to the Financial Statements (continued)

For The Year Ended 31 March 2026

14. Ultimate Controlling Party

The company's ultimate controlling party is by virtue of his ownership of 100% of the issued share capital in the company.

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		2026		2025
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	5		307,567		106,063

			307,567		106,063
CURRENT ASSETS
Stocks	6	192,719		78,360
Debtors	7	591,136		746,631
Cash at bank and in hand		352,954		584,184

		1,136,809		1,409,175
Creditors: Amounts Falling Due Within One Year	8	(766,154 )		(1,015,802 )

NET CURRENT ASSETS (LIABILITIES)			370,655		393,373

TOTAL ASSETS LESS CURRENT LIABILITIES			678,222		499,436

Creditors: Amounts Falling Due After More Than One Year	9		(12,321 )		(22,689 )

PROVISIONS FOR LIABILITIES
Deferred Taxation	11		(54,482 )		(26,138 )

NET ASSETS			611,419		450,609

CAPITAL AND RESERVES
Called up share capital	12		100		100
Profit and Loss Account			611,319		450,509

SHAREHOLDERS' FUNDS			611,419		450,609